Latin America industrial explosives Market, By Explosive Type (High Explosives and Blasting Agents), By End-use Industry (Mining (Metal Mining, Non-Metal Mining, Quarrying), Construction and Others), By Country (Chile, Peru, Brazil, Colombia, Mexico, Arge

Latin America industrial explosives Market, By Explosive Type (High Explosives and Blasting Agents), By End-use Industry (Mining (Metal Mining, Non-Metal Mining, Quarrying), Construction and Others), By Country (Chile, Peru, Brazil, Colombia, Mexico, Argentina and Rest of Latin America) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

An explosive refers to a reactive substance that is comprised of a vast amount of potential energy that can produce a massive explosion if released suddenly. There are three classes of namely low explosives, industrial explosives, and military explosives. Industrial explosives find applications in mining such as metal mining, quarrying, and non-metal mining and in construction such as tunneling and blasting older buildings for reconstructions. It is usually accompanied by light, sound, and pressure. The process of initiation of explosives is termed as detonation. One unit of explosives when initiated can expand up to 1,000 units within several milliseconds creating high pressure in the blasthole and gaining temperatures ranging from 1,500°C to 4,000°C and an approximate velocity of 2,500–8,000 meters/second. Major uses of explosives are in fireworks, mining, blasting rock masses for tunneling, construction activities, quarrying, hydroelectric power projects, military wars, mineral extraction, and the oil & gas industry, to name a few.
Market Dynamics
Latin America region is witness increase in number of mining activities in recent past owing to increase in demand of metal and non-metal components. Furthermore, region also witness growing inclination of foreign investors it led to a boost in the demand for explosives such as blasting agents and high explosives in the region. According to Coherent Market Insights’ analysis, Investments in the mining sector in Latin America had risen by over 50% from 2010 to 2014. According to the same source, Total investment in the mining sector in Mexico reached US$ 14.6 Bn collectively in both 2012 and 2013. Hence, these factors are expected to drive growth of the Latin America industrial explosives market in the near future.
Moreover, Latin America region mainly contributed by developing economies such as Brazil, Chile and many other. These countries are going through rapid infrastructure changes and investing heavily in infrastructure market during the forecast period. According to Coherent Market Insights’ analysis, investment in construction and infrastructural activities in Brazil rose from 2.5% of GDP to 4% of GDP from 2011 to 2015. Thus these factors are expected to drive the global market.
Market Taxonomy
This report segments the Latin America industrial explosives market on the basis of Explosive Type, End-use Industry, and Country.
On the basis of Explosive Type, Latin America industrial explosives market is segmented into Mining, Construction and Others.
On the basis of country, Latin America industrial explosives market is segmented into Chile, Peru, Brazil, Colombia, Mexico, Argentina and Rest of Latin America.
Key features of the study:
This report provides an in-depth analysis of the Latin America industrial explosives market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the Latin America industrial explosives market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered in the Latin America industrial explosives market includes MAXAM, AEL Mining Services Ltd., EXSA SA, Enaex, Austin International, Orica Limited, Keltec Energies, Economic Explosives, IBP Co., Noble Explochem, Accurate Energetic Systems, LLC., and Detotec North America Inc.
These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
The Latin America industrial explosives market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Latin America industrial explosives market.
Detailed Segmentation:
Latin America industrial explosives Market, By Explosive Type:
High Explosives
Blasting Agents
Latin America industrial explosives Market, By End-use Industry:
Mining
Metal Mining
Non-Metal Mining
Quarrying
Construction
Others
Latin America industrial explosives Market, By Country:
Chile
Peru
Brazil
Colombia
Mexico
Argentina
Rest of Latin America
Company Profiles
MAXAM*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
AEL Mining Services Ltd.
EXSA SA
Enaex
Austin International
Orica Limited
Keltec Energies
Economic Explosives
IBP Co.,
Noble Explochem
Accurate Energetic Systems, LLC.
Detotec North America Inc.
*Browse all the market data tables and figures on “Latin America industrial explosives Market- Forecast to 2027”